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notka56 [123]
3 years ago
13

Given the following balance sheet and income statement data for the year ended December 31, what is the final figure for the num

erator in the formula for the days' cash on hand? Cash $300,000 Short-term investments 400,000 Accounts receivable 900,000 Total operating expenses 640,000 Depreciation expense 140,000 a. $1,600,000 b. $500,000 c. $300,000 d. $700,000
Business
1 answer:
Dennis_Churaev [7]3 years ago
8 0

Answer:

Option (d) is correct.

Explanation:

Given that,

Cash = $300,000

Short-term investments = 400,000

Accounts receivable = 900,000

Total operating expenses = 640,000

Depreciation expense = 140,000

The numerator part in the formula of days' cash on hand is cash and cash equivalents available.

Cash and cash equivalents available:

= Cash + Short term investments

= $300,000 + $400,000

= $700,000

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A WIDE variety of typefaces are available for business writers. Different typefaces suggest different purposes and occasions.
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Answer: True and True

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Which of the following results in positive benefits to individuals, the group, or the organization? a. Functional conflict b. Em
Mumz [18]

Intergroup conflict always results in positive benefits to individuals the group or the organization.

Explanation:

The social change, decision making, reconciliation, group unity and co operation are some of the positive effects of conflicts in an organization.

The advantages of conflicts are they create awareness for the existing problems. Then by discussing the conflicting views can provide better solutions and managing conflict is quicker and more efficient.

Intergroup conflict in an organization helps the people to come out with their own ideas with creative thinking.

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6 0
3 years ago
Read 2 more answers
An investment of $82,000 was made by a business club. The investment was split into three parts and lasted for one year. The fir
Vesna [10]

Answer:

a 54,000 dolllars

b 18,000 dollars

c 10,000 dollars

Explanation:

<u><em>From the given we can conclude:</em></u>

all investment equal 82,000 thus:

82,000= a + b + c

then:

interest of a equal 4 times interest of b:

a x 0.08 = 4 x b x 0.06

a =  (0.24/0.08)b = 3b

<u><em>and that total interest:</em></u>

a x 0.08 + b x 0.06 + c x 0.09 = 6,300

4 x b x 0.06 + b x 0.06 + c x 0.09 = 6,300

5bx0.06 + 0.09c = 6,300

c = (6,300 - 0.3b)/0.09

<em><u>we now replace a and c as expressions of b:</u></em>

82,000 = 3b + b + c = 4b + c

82,000 = 4b + (6,300 - 0.3b)/0.09

82,000 = 4b + 70,000 - 3,33b

12,000 = (2/3)b

b = 18,000

<em><u>now we solve for a and c:</u></em>

a = 3b = 3 x 18,000 = 54,000

interest of b:

18,000 x 0.06 = 1,080

interest of a:

54,000 x 0.08 = 4.320‬

4,320/1,080 = 4 we pass the interest relathionship requirement

82,000 - 54,000 - 18,000 = c

c= 10,000

10,000 x 0.09 = 900

1,080 + 4,320 + 900 = 6,300 we also fullfil the total interst requirement

4 0
4 years ago
The owner of Genuine Subs, Inc., hopes to expand the present operation by adding one new outlet. She has studied three locations
Gennadij [26K]

Answer:

The selling price per unit (sandwich) is $2.50

The variable cost per unit (sandwich) is $1.80

Contribution margin per unit = Selling price per unit - Variable cost per unit

=$2.50 - $1.80

=$0.70

Target sales volume to achieved at location A

The fixed cost is $5,040 per month

The target profit is $10,500 per month

TargetSales=Fixedcosts+TargetprofitContributionmarginperunitTargetSales=Fixedcosts+TargetprofitContributionmarginperunit

TargetSales=5,040+10,5000.70TargetSales=5,040+10,5000.70

TargetSales=22,200unitsTargetSales=22,200units

The company needs to sell 22,200 units at location A to achieve target profit of $10,500

Target sales volume to achieved at location B

The fixed cost is $5,560 per month

The target profit is $10,500 per month

TargetSales=Fixedcosts+TargetprofitContributionmarginperunitTargetSales=Fixedcosts+TargetprofitContributionmarginperunit

TargetSales=5,560+10,5000.70TargetSales=5,560+10,5000.70

TargetSales=22,943unitsTargetSales=22,943units

The company needs to sell 22,943 units at location B to achieve target profit of $10,500

Target sales volume to achieved at location C

The fixed cost is $5,730 per month

The target profit is $10,500 per month

TargetSales=Fixedcosts+Target

Explanation:

only i can do sorry

6 0
3 years ago
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